In the previous article I discussed the need to have a set amount of capital put to one side as a betting bank. For most of us this is not an inexhaustible amount that we can keep toping up as and when we need to.
It would be nice to think that having set up our betting bank it would build up in a steady, profitable and uninterrupted way. Unfortunately racing or any other form of gambling is not like that and their will be periods when the strike rate will not be as positive as we might have hoped. We have to be prepared for this and that is why each wager should represent a mall percentage of your overall bank. If you wager 1% of your total bank then each wager is worth 1 unit of your bank. (The bank being 100 units) if you wager 5% of the bank then that is 5 units.
To totally wipe out your bank betting 5% of the bank per selection would take 20 consecutive lost bets. (Not likely but just possible). With 1% wagers you would be looking at 100 consecutive losers which is a very unlikely scenario.
On this web site you will find details of many Horse Racing Systems that are designed to show you a regular and consistent return on your wagers. Many of these systems have been tried and tested over the years, whilst others are relatively new and reflect the changes in the betting markets. However, no system can guarantee to continually provide winners, (or losers in the case of Lay Betting) time after time. There will be some adverse results, which is why your staking method should allow for a period of adverse results.
If you can look at your betting in the same way as a stock broker looks at stocks and shares you could well be on the way to turning your wagers into profit. All a stock broker is interested in is building up the value of his portfolio. He does not make a profit on every share transaction but if overall if successes are greater than his failures the portfolio will grow. Looking at it in this slightly unemotional way will help you keep control of your betting bank in both good and poor times.
There are quite a few systems about that advocate that you double up your stake money after a losing bet. If the following bet also loses you double up your stake once more and continue to do this until you get a winning bet. This
can be an extra fast route to wiping out your bank. Assuming that you have a bank of 100 and you normally bet 1 unit this could be the sequence of events:
Bet 1 1 Unit
Bet 2 2 Units
Bet 3 4 Units
Bet 4 8 Units
Bet 5 16 Units
Bet 6 32 Units and now although we need to lay 64 units we only have 37 units left!
5 bets and your bank is almost wipes out.
There is a saying in racing, if a system will not work to level stakes then it is not worth the paper it is printed on.
I think there is a lot of truth in that comment.
It would be nice to think that having set up our betting bank it would build up in a steady, profitable and uninterrupted way. Unfortunately racing or any other form of gambling is not like that and their will be periods when the strike rate will not be as positive as we might have hoped. We have to be prepared for this and that is why each wager should represent a mall percentage of your overall bank. If you wager 1% of your total bank then each wager is worth 1 unit of your bank. (The bank being 100 units) if you wager 5% of the bank then that is 5 units.
To totally wipe out your bank betting 5% of the bank per selection would take 20 consecutive lost bets. (Not likely but just possible). With 1% wagers you would be looking at 100 consecutive losers which is a very unlikely scenario.
On this web site you will find details of many Horse Racing Systems that are designed to show you a regular and consistent return on your wagers. Many of these systems have been tried and tested over the years, whilst others are relatively new and reflect the changes in the betting markets. However, no system can guarantee to continually provide winners, (or losers in the case of Lay Betting) time after time. There will be some adverse results, which is why your staking method should allow for a period of adverse results.
If you can look at your betting in the same way as a stock broker looks at stocks and shares you could well be on the way to turning your wagers into profit. All a stock broker is interested in is building up the value of his portfolio. He does not make a profit on every share transaction but if overall if successes are greater than his failures the portfolio will grow. Looking at it in this slightly unemotional way will help you keep control of your betting bank in both good and poor times.
There are quite a few systems about that advocate that you double up your stake money after a losing bet. If the following bet also loses you double up your stake once more and continue to do this until you get a winning bet. This
can be an extra fast route to wiping out your bank. Assuming that you have a bank of 100 and you normally bet 1 unit this could be the sequence of events:
Bet 1 1 Unit
Bet 2 2 Units
Bet 3 4 Units
Bet 4 8 Units
Bet 5 16 Units
Bet 6 32 Units and now although we need to lay 64 units we only have 37 units left!
5 bets and your bank is almost wipes out.
There is a saying in racing, if a system will not work to level stakes then it is not worth the paper it is printed on.
I think there is a lot of truth in that comment.
